The acquisition of Twitter has been temporarily suspended, says Elon Musk.Elon Musk

Elon Musk is his Twitter’s $ 44 billion acquisition After the social media platform claims that less than 5% of users are spam or fake accounts, is “temporarily on hold”.

Tesla’s chief tweeted in a skeptical post Friday morning that the deal was frozen while waiting for details to support Twitter’s allegations. In a subsequent tweet, Musk said he was “still working on an acquisition,” in speculation that the world’s wealthiest man would either leave the deal or seek a lower price.

Twitter is temporarily pending pending details that support the calculation that spam / fake accounts actually make up less than 5% of users.

— Elon Musk (@elonmusk) May 13, 2022

Still working on acquisition

— Elon Musk (@elonmusk) May 13, 2022

Musk announced the move with a link to a Reuters article published on May 2nd. Submission to US financial regulatorsTwitter claimed that fake or spam accounts averaged less than 5% of 229 million users per day.

Musk has agreed to pay Twitter a $ 1 billion break fee. Leave the transaction.. The news dropped Twitter stock by about 15% in pre-market trading to $ 38.21, fearing that trading could collapse.

The agreed acquisition rates Twitter at $ 54.20 per share. But a well-known US short-term retailer betting on a company’s stock price Said this week It mask Slumping technology stocks and sluggish social media platform performance could lower Twitter bids.

Dan Ives, an analyst at Wedbush Securities, a US financial services company, said: , 2) Musk is negotiating at a lower transaction price, or 3) Musk only leaves the transaction with a $ 1 billion split fee. “

Tesla stock, Partially funding the acquisition Through a loan made to Musk’s stake, Friday’s pre-market trading increased by almost 6%.

Musk said he would like to improve the platform by “authenticating all humans” after announcing the acquisition against automated or “bot” Twitter accounts that are not run by human users. ..

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Twitter is from the disaster early warning system Algorithmic art.. Introduced in 2021 “Automatic account” label Publicly mark such accounts as being run by a computer rather than a human.But those accounts Follow strict rules If it malfunctions, you may not be able to access it.

One such automated account could have been the catalyst for Mask’s first purchase of Twitter stock. Created by a 19 year old aviation enthusiast @elonjet The Twitter feed tracks and automatically tweets the location of Elon Musk’s private planes, taken from public flight tracker data.

January, mask Offered $ 5,000 to teenagers to buy an account and shut it down, Reject the creator’s $ 50,000 counter offer. A few days later, he began buying shares of Twitter and filed a legal declaration that he owned a significant stake. In early April..

However, declared automated accounts such as @ elonjet are far more common than spam accounts that deliberately break Twitter’s Terms of Service in pursuit of commercial or political goals.

Such accounts may represent attempts to influence public discourse by sending advertisements or scams to other users using reply features or direct messages, or by tweeting political propaganda. there is.

Other fake accounts exist only to increase the metric of individual users who can buy followers, likes and retweets from “bot sellers” who control thousands or millions of fake accounts.

After its launch in 2017, Oxford University’s Samuel Woolley said, “Bots will significantly double the ability of a single person to manipulate a person.” Report to social media operations.. “Draw annoying friends Facebook, Those who are always choosing political battles. Would it be even worse if they had an army of 5,000 bots? “

The acquisition of Twitter has been temporarily suspended, says Elon Musk.Elon Musk

Source link The acquisition of Twitter has been temporarily suspended, says Elon Musk.Elon Musk

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